In September this year three American businessmen published their memoirs. One a financier, one a corporate executive and one an entrepreneur, they added their contribution to the canon that is the business memoir.
Almost twenty years ago, in March 2000, I was sitting in a newly-opened branch of Starbucks near my home in London, reading a copy of the Financial Times.* I was on gardening leave between jobs, serving out my notice from one employer before I could officially join the next – one of the largest investment … Continue reading Inflection Point
Ten years ago, as May turned into June 2009, Air France Flight 447, bound for Paris from Rio de Janeiro, crashed into the Atlantic. All 228 passengers and crew on board were killed. In the immediate aftermath it was difficult to understand how it happened. The plane was an Airbus A330, one of the most … Continue reading Air France Flight 447: Ten Years On
Unless you’re doing business with him, there are three ways to meet Warren Buffett. You can buy a Berkshire Hathaway share and attend his annual shareholder meeting, along with 40,000 other people. You can bid on the lunch he auctions off once a year for charity. Last year’s went for US$3.3 million. Or you can … Continue reading Meeting Warren Buffett
The best thinkers are those that are able to cross disciplines, deploying theories from one area into others. One man who does this exceptionally well is Rory Sutherland. As Vice Chairman of Ogilvy in the UK he is an ad-man. But he is also a student of behavioural economics, evolutionary psychology and complexity economics, which … Continue reading Rory Sutherland
Thirty years ago, I was invited to interview for a place at Oxford University. I travelled down from my hometown of Liverpool and at the allotted time entered a fusty room at a storied college. Inside, sitting around a horseshoe table, were seven men. As the interview progressed it became clear that, like the seven … Continue reading My Favourite Theorem (Spoiler: It’s Bayes)
I gave a presentation to London Business School students on how to value bank equity. It looks at how Bridgewater analysed banks during the financial crisis, how Jamie Dimon of JP Morgan looks at his own stock, and how to think about Deutsche Bank now. Plenty more, besides. Here it is: